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and all is coming at a time when the obama administration has cut the defense budget, projecting over the ten-year period by some $487 billion and if the obama sequestration were to become a reality that would be a trillion dollars over this period of time coming out of our defense budget, even -- even the secretary of defense, the obama secretary of defense said it would be devastating. he used the word devastating. if that were not enough the obama administration continues to force the military to spend greater proportions of its already depleted funds on a gene energy agenda to include the purchase of biofuels for operational use in construction of commercial biofuel refineries. now, you know, i fully support development and use of alternative fuels including klug biofuels but not at the expense of the military. the focus should be on the readiness of the navy, not on propping up the biofuels industry. i have to remind everyone, we've a bureaucracy called the department of energy. they're the ones supposed to be doing all this experimentation we talk about. the navy according to th
. >> there's one federal policy change that said a second term obama administration might push which would be helpful. is there one that comes to my? >> personally, i would like to see, jim alluded to this in a way i hadn't heard before, you know, i'd like to see the conversation around gainful employment extend beyond the career and for-profit colleges to the entire sector. and making it shining a light on more of the outcomes there. and the second part of it is, give me the biggest challenge with the gainful employment regulations as they stand now, we have suggested our own counter mechanism, but not to go into that right now. i think the biggest problem with it is it's an all or nothing access to cash message. so you either clear of our and then have access to the federal loan dollars and so forth, from title iv, which allows you to grow, or you don't clear the bar and you gives you out completely. the challenge with that is the government has competing interests right now. on the one hand, you do want to extend access to lots of populations that haven't had a struggle access to higher
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